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Royal Nickel Reports Quarterly Net Loss of $1.6M

Royal Nickel Corporation (RNX.TO) announced a review of activities and financial results for the year ended December 31, 2012, reporting a net loss of $1.6 million ($0.02 per share) compared with a net loss of $1.8 million ($0.03 per share) in the same period last year.

The lower loss is primarily due to a decrease in general and administrative expenses of $0.8 million, which reflects a $0.8 million reduction in the non-cash share based payments charge partially offset by an increase in the deferred income tax expense of $0.6 million.

For the year ended December 31, 2012, RNC incurred a net loss of $9.2 million ($0.10 per share) compared with a net loss of $7.8 million ($0.09 per share) in 2011.

RNX shares were up a penny at $0.38.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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